Form 1098-T, Tuition Statement, includes the following key information related to a student's qualified tuition and related expenses for the tax year:

• Payer and Student Information: The form lists the educational institution’s name, address, and employer identification number (EIN), as well as the student’s name, address, and taxpayer identification number (TIN)

• Box 1: Payments Received for Qualified Tuition and Related Expenses: This box shows the total payments the institution received during the calendar year for qualified tuition and related expenses (QTREs), net of any refunds or reimbursements

. Qualified expenses generally include tuition and mandatory fees required for enrollment or attendance, but exclude items like room, board, and insurance

• Box 4: Adjustments Made for a Prior Year: Any adjustments (refunds or reductions) made in the current year for payments reported in a previous year are reported here

• Box 5: Scholarships or Grants: The total amount of scholarships or grants administered and processed by the institution during the year is reported here. These amounts generally reduce the amount of qualified expenses eligible for tax credits

• Box 6: Adjustments to Scholarships or Grants for a Prior Year: Adjustments to scholarships or grants reported in a previous year are shown here

• Box 7: Checkbox for Reporting Method Change: This box is checked if the institution changed its reporting method for the year

• Box 8: Checkbox if Student Was at Least a Half-Time Student: Indicates enrollment status

• Box 9: Checkbox if Student Is a Graduate Student: Indicates graduate-level enrollment

• Box 10: Insurance Contract Reimbursements or Refunds: Reports any reimbursements or refunds related to qualified tuition and related expenses under an insurance contract

Additional information includes the account number (if applicable), contact information for the institution or service provider, and other administrative details

. This form is used by students or their families to claim education-related tax credits such as the American Opportunity Credit or Lifetime Learning Credit on their tax returns

. In summary, Form 1098-T provides a summary of payments received for tuition and related expenses, scholarships and grants awarded, and any adjustments for prior years, along with identifying information about the student and institution